Vikram Pandit

Former Citi CEO invests in payments firm Transferwise

That fundraising valued the four-year-old online money transfer group at about USD 1 billion. Other investors include Silicon Valley venture-capital firm Andreessen Horowitz and British billionaire Richard Branson.

Anshu Jain resigns as co-CEO of Deutsche Bank

Anshu Jain is the second Indian to resign from a global bank after Vikram Pandit who stepped down as the CEO of Citigroup in 2012.

JM Financial up 6% on additional capital commitment to arm

JM Financial has provided additional capital of Rs 360 crore to this business, bringing the total capital commitment to Rs 900 crore.

WEF meet sees high-profile exits even before start

From India, industrialist Kumar Mangalam Birla will not be attending the meet, despite his initial confirmation. Besides, his compatriots Chanda kochhar and Anand Mahindra had already decided to skip this year's WEF annual extravaganza despite being regulars here for the many past years.

Azim Premji may hike stake in JM Financial

Premji, chairman and founder of leading IT firm Wipro, currently holds 2.9 percent stake as part of his individual investment portfolio in Nimesh Kampani-led JM Financial, one of the 25 aspirants eyeing banking foray.

FIPB okays JM Fin's Rs 22cr warrant issue to Vikram Pandit

Sources said JM Financial's proposal was to issue warrants worth Rs 22.19 crore to Vikram Pandit on a preferential basis.

Find out: Tulsian's views on buzzing stocks and sectors

SP Tulsian of sptulsian.com gives his takeaways on the Reliance annual general meeting (AGM) and the stocks to buy, hold and sell in the next week

Evening Wrap: Here's what all made headlines today

Here are the key events which made headlines today

Will Vikram Pandit prove a lucky mascot for J M Financial?

JM Financial shares on Friday surged 15 percent to hit a 52-week high of Rs 27.70 on NSE. However, the market optimism may be lacking a rational approach. "For banking licence, RBI will prioritise the brand factor first," a senior RBI official told moneycontrol.com on condition of anonymity.

Financial inclusion, Pandit's key challenge in JM deal: E&Y

Ernst & Young tell some of the key pros and cons of deal between JM Financial and Vikram Pandit and also point of how financial inclsuin could be come the prime challenge for Pandit while assisting in new back license application.

BSE Sensex flat; COMPAT levies 10% penalty on cement cos

Indian shares took a breather and consolidated in the late morning trade on Friday. BSE Sensex was holding 20200 mark while Nifty managed to edge above 6150 led by buying in realty, power and IT stocks. COMPAT levies 10 percent penalty of Rs 6300 crore on cement companies.

Vikram Pandit invests in JM Financial; stock up 18%

Vikram Pandit, who resigned from Citi last October, will also become non-executive chairman of JM Financial's banking arm if it succeeds in getting a banking license, the company said.

Vikram Pandit to invest in JM Financial; stock up 7%

Vikram Pandit and Hari Aiyar will buy 1.5% in JM Financial. At 09:21 hrs JM Financial was quoting at Rs 25.25, up Rs 1.70, or 7.22 percent.

Ex-Citi boss Vikram Pandit to lead JM Fin banking foray

Nimesh Kampani-promoted JM Financial Thursday sought to strengthen its case for a banking license by roping in former Citigroup CEO Vikram Pandit.

BSE Sensex flat;JM Financial up 7% as Vikram Pandit buys 3%

BSE Sensex opened flat on the final trading day of this week. JM Financial surged close to 7 percent in the opening bell after the former chief executive officer of Citigroup Inc Vikram Pandit and Hari Aiyar announced to buy 1.5 percent stake each in JM Financial through warrants

All time highs for Nifty likely, if liquidity continues

The market momentum on the back of strong fund inflows is likely to continue, believes Udayan Mukherkjee.

Vikram Pandit, Hari Aiyar to buy stake in JM Financial

Vikram Pandit and Hari Aiyar will each buy 1.5% stake in JM Financial. Pandit will also be roped in the JM Financial's proposed banking and NBFC entities as non-executive chairman

Ex-Citi CEO Pandit, partner take stake in JM Financial

Citi chief executive Vikram Pandit and his business partner, Hari Aiyer are to buy a 3 percent equity stake in JM Financial Ltd, financial services company through an issue of warrants

Goldman deal with union grp lets Blankfein keep dual roles

For the second year in a row, Goldman Sachs Group Inc fended off a shareholder proposal that could have led to a messy public vote to strip Chief Executive Lloyd Blankfein of his chairman's title.

Wall Street bonuses to rise 15% this year: Consultant

Bonuses at Wall Street firms will rise 15 percent this year despite ongoing pressure from investors, regulators and politicians about compensation levels, according to compensation-consulting firm Johnson Associates Inc

Citigroup to cut 11,000 jobs worldwide, 4% of workforce

Citigroup Inc will eliminate 11,000 jobs worldwide, about 4 percent of its total staff, in a move to save as much as USD 1.1 billion a year in expenses, the company said on Wednesday.

Citigroup to pay Pandit, Havens more than $15m each

Former Citigroup Inc CEO Vikram Pandit, who resigned last month under pressure from company directors, and former chief operating officer John Havens will receive more than USD 15 million each, the company said on Friday.

Citi Chairman planned Pandit's ouster for months: Report

In a "dramatic boardroom coup", Citigroup Chairman Michael O'Neill had worked for months on the ouster of banking giant's India-born CEO Vikram Pandit, who was "stunned" after being asked to go even after delivering improved results, a media report today said.

'Indian global CEOs continuing story; Pandit case one-off'

The exit of Vikram Pandit as chief of banking giant Citigroup may have come as a big surprise, but experts are convinced that it is a one-off case and Indian- origin CEOs would continue to be prominent players at global firms.